Company Announcement No. 413
On 28 July 2011, DSV initiated the published share buy-back programme, cf. company announcement no. 404 of 28 July 2011. According to the programme DSV will in the period to 13 October 2011 purchase own shares up to a maximum value of DKK 700,000,000 and no more than 7,000,000 shares, corresponding to 3.43% of the present share capital of DSV A/S. The program was implemented in accordance with the “Safe Harbour” provisions of EU regulation no. 2273/2003 of 22 December 2003.
| Trading day | Number of shares bought back | Average transaction price | Amount DKK |
| Accumulated for trading day 1-42 | 5,858,358 | 104.40 | 611,606,394 |
| 43: 26 September 2011 | 91,905 | 101.50 | 9,328,468 |
| 44: 27 September 2011 | 35,000 | 104.53 | 3,658,487 |
| 45: 28 September 2011 | 42,105 | 105.79 | 4,454,444 |
| 46: 29 September 2011 | 86,260 | 104.65 | 9,027,230 |
| 47: 30 September 2011 | 260,463 | 102.22 | 26,624,840 |
| 48: 3 October 2011 | 111,724 | 99.73 | 11,142,503 |
| 49: 4 October 2011 | 252,556 | 95.65 | 24,157,562 |
| Accumulated for trading 1-49 | 6,738,371 | 103.88 | 699,999,928 |
DSV’s accumulated share buy-backs in the period from 28 July 2011 to 4 October 2011 thus total 6,738,371 numbers of shares at a total purchase sum of 700 DKK million. The published share buy-back programme has now been concluded and the shares bought back will partly be used to hedge the Group’s incentive programme. In addition, and in anticipation of the extraordinary general meeting on 25 October 2011 a proposal has been made for the cancellation of 14 million shares, cf. company announcement no. 412 of 27 September 2011.
As of today, DSV A/S now holds a total of 15,511,665 shares of a nominal DKK 1 in DSV A/S corresponding to 7.60% of the total number of issued shares of 204,000,000.
The last announcement dated 23 September 2011 stated that DSV A/S held 7.17% of the company’s share capital.
Any questions may be addressed to Jens H. Lund, CFO, tel. +45 43 20 30 40.
Yours sincerely,
DSV
Jens Bjørn Andersen Jens H. Lund
CEO CFO